Looking to diversify beyond SEDAX? The mutual funds below have the lowest correlation with SEDAX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from SEDAX.
Best Diversifiers for SEDAX
2 mutual funds have low correlation with SEDAX (below 0.3), 0 of which are negatively correlated. The least correlated is SEI Institutional Investments Trust Opportunistic Income Fund (ENIAX) (Ultrashort Bond) with a 1Y correlation of 0.25, roughly unchanged from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Investments Trust Opportunistic ... | 0.25 | 0.22 | 0.30 | 99 | Ultrashort Bond | SEDAX vs ENIAX | |
| Virtus Stone Harbor Emerging Markets Income Fund | 0.27 | 0.21 | 0.28 | 56 | Emerging Markets Bonds | SEDAX vs EDF | |
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.40 | 0.36 | 0.44 | 99 | Diversified Portfolio | SEDAX vs STDAX | |
| Ashmore Emerging Markets Corporate Income Fund | 0.41 | 0.45 | 0.52 | 58 | Emerging Markets Bonds | SEDAX vs EMCIX | |
| SEI Tax Exempt Trust Intermediate-Term Municipal F... | 0.45 | 0.44 | 0.43 | 66 | Municipal Bonds | SEDAX vs SEIMX |
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